NRA Life Member
You'd be better off with a Ruger 10/22. Easier to modify, mount a scope, and make average shots all day long. Use round nose, standard velocity 40 grain ammo if you plan on eating the squirrel.
I really like lever actions and think everyone should own one, BUT, for everyday use, if I am only gonna have 1, I’d take the 10-22 any day.I have a 10/22, and have shot a Henry lever action .22. Here are my thoughts:
1) 10/22 is a great semi-auto and functions just like you'd need a basic semi-auto rifle to function. Reliable, accurate, etc.
2) Lever action: It was fun to shoot and I'd love one. BUT, after one range session I was left thinking that it was almost a novelty. The lever action was cool but not something I'd want every time. Finally, the price is much higher for the lever action. If I was going to get a lever action, I'd rather have one in a larger caliber. The one benefit I see from the lever action Henry is I think it can use .22 LR, .22 Long, or .22 Short.
I say this for the same reasons Bill and Rising Phoenix have said.